I would have preferred to see SP increase thru rising revenues and earnings. Management will also feel the pain of lower SP due to the reverse split and has likely anticipated this. Their confidence that this is the way to go perhaps indicates that we are having a final year end sale... one last chance to pick up cheep shares.
Daytrade FLTL? That would be almost impossible considering the price and volume. So nope. No ATTEMPTS to accumulate more FLTL in any way shape or form. I am not a fan of Chen. He appears to be even more of a loose cannon than Phan was. My favorite daytrading stock is SEB. Does not compare well with FLTL, but to each his or her own...So what happens to the 25% of the companies left out of this transaction? What does that become? At least the FLTL part of the deal that we are a part of...Anybody care to venture a guess? bb
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